Nation Politics 20 Sep 2019 Edappadi K Palaniswa ...

Edappadi K Palaniswami forms high powered panel for investment facilitation

DECCAN CHRONICLE.
Published Sep 20, 2019, 2:19 am IST
Updated Sep 20, 2019, 2:19 am IST
The principal secretary, industries, will act as the member secretary of the committee.
CM Edappadi K Palaniswami
 CM Edappadi K Palaniswami

CHENNAI: Aiming to translate the MoUs signed during his tri-nation trip abroad, into projects, Chief Minister Edappadi K. Palaniswami on Thursday formed a high-powered committee for investment facilitation and single window clearances
The panel, with Chief Minister as its chairman, will expedite the necessary clearances for investors.

“In order to enhance the facilitation provided to the investors and to expedite the necessary clearances to ensure these investments, a high powered committee for investment facilitation and single window clearances has been constituted with Chief Minister as chairman and deputy chief minister (O. Panneerselvam), ministers for electricity, prohibition & excise, municipal administration & rural development, industries, environment and revenue, disaster management & information technology departments, chief secretary and the secretaries to government as members,” an official release said on Thursday.

 

The principal secretary, industries, will act as the member secretary of the committee, which will meet in the first week of every month to monitor the progress of investment facilitation activities and pending clearances under the single window system and other clearances like environmental clearances with State Environment Impact Assessment Authority (SEIAA).

The committee will resolve cases where the clearances are pending beyond the time limit fixed by the Tamil Nadu Business Facilitation Rules or pending beyond a month with other agencies like SEIAA. Further, an Investment Facilitation Cell has been constituted in the Chief Minister's Office with an IAS officer as an officer on Special Duty (OSD) to deal with the issues of major investors and facilitate investments in Tamil Nadu.

 During the visit of a high-level delegation headed by the Chief Minister to UK, USA and Dubai from Aug. 28, to Sept.9, 2019, MoUs were signed with 41 companies for a total commitment of `8,835 crore with potential employment to 35,520 persons.

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